The Maruti Wagon R is one of the most popular and best-selling vehicles in the Indian market. Its affordable price and excellent mileage keep it among the top-selling hatchbacks every month. If you’ve decided to purchase this excellent hatchback, we’ve come up with an easy financing plan for you. You can purchase this vehicle with a down payment of just ₹100,000 and repay the remaining amount in easy EMIs using a bank loan. Let’s understand the Wagon R’s impressive features, on-road price, and monthly EMI calculations.
Maruti Wagon R’s Powerful Features and Mileage
The Maruti Wagon R is available to customers in both petrol and CNG fuel options. You can also purchase it with a manual or automatic transmission, depending on your needs. The Wagon R’s biggest highlight is its incredible mileage, which reaches 24.43 kmpl. This five-seater car is powered by a 1197cc, 4-cylinder engine that produces 88.50 bhp and 113 Nm of torque. It offers a large 341-liter boot space, allowing for easy storage. For safety and convenience, it comes equipped with several excellent features, including power steering, ABS, keyless entry, six airbags, and a child safety lock.
On-Road Price Calculation for the Base Variant LXI
The Maruti Wagon R comes in several variants, each with varying prices. Here, we’re discussing the finance details for the base variant, the LXI, which comes in a petrol variant with a manual transmission. The ex-showroom price of this variant is approximately ₹498,900. This price will include approximately ₹48,201 for road tax (RTO), approximately ₹22,872 for insurance, and approximately ₹600 for other expenses. After adding all these necessary expenses, the total on-road price of this base variant comes to approximately ₹5,70,573.
Easy monthly EMI plan of ₹7,812
If you buy this base variant with a down payment of ₹1,00,000, you will need to take a bank loan for the remaining amount, i.e., ₹4,70,573. If we assume an interest rate of 10% per annum and a loan term of seven years (84 months), your monthly installment (EMI) will be ₹7,812. You will have to pay this installment for seven years. During this period, you’ll pay approximately ₹1,85,641 in interest to the bank. Thus, the total cost of your Wagon R, including the down payment, loan principal, and interest, will be approximately ₹7,56,214. However, if you repay the loan early, you’ll pay a lower interest amount.